CIBC cut shares of Kinder Morgan Canada (TSE:KML) from an outperform rating to a neutral rating in a report published on Tuesday. The brokerage currently has C$22.00 price target on the stock, down from their previous price target of C$23.00.
KML has been the subject of several other reports. Scotiabank cut their price objective on Kinder Morgan Canada from C$24.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, January 18th. National Bank Financial boosted their price objective on Kinder Morgan Canada from C$17.00 to C$19.00 and gave the stock a sector perform rating in a research note on Monday, January 29th. Finally, TD Securities lowered Kinder Morgan Canada from an action list buy rating to a buy rating and set a C$24.00 price objective for the company. in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of C$20.42.
TSE KML opened at C$17.24 on Tuesday. Kinder Morgan Canada has a twelve month low of C$14.93 and a twelve month high of C$20.00.
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Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.
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